WEB3
by BSCN
September 18, 2023
ANZ's adoption of Chainlink's CCIP represents a milestone in blockchain technology, enabling seamless fund transfers across both open and private blockchain networks.
Australia and New Zealand Banking Group (ANZ), one of the "Big Four" banks in Australia, has taken a significant step in the world of blockchain by announcing its collaboration with Chainlink's Cross-Chain Interoperability Protocol (CCIP). This partnership allows ANZ to conduct transactions with tokenized assets using its A$DC stablecoin in conjunction with Chainlink's CCIP.
ANZ's adoption of Chainlink's CCIP empowers the bank to seamlessly transfer funds across both open and private blockchain networks. This endeavor marks a part of ANZ's broader efforts to explore the efficiency and security of bringing real-world assets onto the blockchain.
Chainlink's announcement on X (Twitter) highlighted that this move builds upon insights from the Swift blockchain interoperability initiative conducted in June. The Swift initiative, a collaborative effort among leading global banks and The Society for Worldwide Interbank Financial Telecommunication, aims to push the boundaries of blockchain interoperability. Its primary objective is to offer major financial institutions a centralized gateway to multiple networks, simplifying the complexities and investments required for interconnecting the global financial system.
Prominent banks participating in this initiative include BNP Paribas, BNY Mellon, Citi, Clearstream, Euroclear, Lloyds Banking Group, SIX Digital Exchange (SDX), The Depository Trust and Clearing Corporation (DTCC), and ANZ (Australia and New Zealand Banking Group).
Disclaimer
Disclaimer: The views expressed in this article do not necessarily represent the views of BSCN. The information provided in this article is for educational and entertainment purposes only and should not be construed as investment advice, or advice of any kind. BSCN assumes no responsibility for any investment decisions made based on the information provided in this article. If you believe that the article should be amended, please reach out to the BSCN team by emailing [email protected].
Latest News
2h : 12m ago
Donald Trump Says He “Don’t Know Much About” $TRUMP Amid ETF Reports
4h : 57m ago
US SEC Announces New Crypto Task Force Led by Hester Peirce
6h : 12m ago
US President Donald Trump Pardons Ross Ulbricht, Creator of Silk Road
January 21, 2025
Ethereum Foundation Allocates 50,000 ETH to Strengthen Its DeFi Ecosystem Participation
January 21, 2025
Trump-Backed World Liberty Financial Makes Major Crypto Purchases to Mark Inauguration
January 21, 2025
Trump Expected to Sign Executive Orders Easing Bank Ownership of Crypto Assets: Report
January 21, 2025
Mark Uyeda Named Acting SEC Chair After Gary Gensler Resigns
January 20, 2025
Students for Trump Co-founder Under Fire After Selling Half of 'TikTok' Memecoin